This is in continuation with my prior post published on 1stJAN21, NIFTY is in 5th wave extention. wave 3 of 5 is going to complete @14770 on 22nd JAN .(b wave of 4 th wave correction). Since wave 2of 5 was FLAT in nature I am expecting a sharp and swift correction this time in wave 4 when it expand its C wave . This sharp correction may extend upto feb 10th and then proceed to 17700 for its wave 5 till May21.
The above view is my own Idea based on elliot wave theory. Taking right positions to profit from this chart is your wish
b.selvam
technical analyst,
full time trader in NIFTY
The above view is my own Idea based on elliot wave theory. Taking right positions to profit from this chart is your wish
b.selvam
technical analyst,
full time trader in NIFTY
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.